The escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month war.

Bessent told CNBC that the sanctions will be the “toughest” in history.

Democrats are currently favored to win a majority in the House of Representatives after November’s elections.

Norway plans to give another 85 billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in the 2027 fiscal year, in line with the amount given in 2026, the Nordic country’s government said in a statement on Sunday. Read more After 10 years at United, CEO Scott Kirby is thinking big about the future […]

The U.K. government says the incident did not pose a risk to the country’s energy system, adding that it briefed CEOs of companies in the sector with advice.

President Donald Trump disclosed just over 1,000 financial transitions in the month of June in what appears to be broad reshuffling of his portfolio.

New 50% Trump administration tariffs on some Canadian exports went into place after the U.S. and Canada failed to reach a deal on Friday.

The strike is the first on Ozon, Russia’s second-largest online retailer, which Ukraine sees as part of a wider campaign against economic infrastructure.

U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that the proposed economic measures will likely negate the need for major U.S. military operations.

The United States and Canada failed to reach a trade deal late on Friday, and the U.S. said it would impose 50% tariffs on some imports from Canada, an escalation of tensions between the two long-time allies.